mpjgregoire,
@mpjgregoire@cosocial.ca avatar

It's easy to dismiss an article in the critical of a budget. But it's worth paying attention to what has to say...

Grading the federal budget: The government earns another ‘D’
https://financialpost.com/opinion/grading-federal-budget-government-earns-another-d

jszym,
@jszym@cosocial.ca avatar

@mpjgregoire I'm not going to stick my neck out for this budget, but it's worth noting that Don Drummond is still the "small-c" conservative type you'd expect to write a NaPo OpEd, being a fellow of the C.D. Howe institute.

With criteria like "Spending restraint should do the heavy lifting", it's hard to read the 10-point criteria as being some kind of "middle-of-the-road" consensus.

I'm personally more inclined to agree with the analysis by Broadbent's PressProgress

https://pressprogress.ca/the-federal-government-says-budget-2024-makes-the-wealthy-pay-their-fair-share-economists-say-the-rich-could-be-paying-more/

jszym,
@jszym@cosocial.ca avatar

@mpjgregoire (Not to suggest that PressProgress is by any measure a "middle-of-the-road" consensus, I'm just a lefty haha)

mpjgregoire,
@mpjgregoire@cosocial.ca avatar

@jszym If your approach to economics were from a perspective, you'd see that the is a centrist organisation. And I'd bet Mr. Drummond has voted Liberal most of his life — it was Premier McGuinty who, gave him a role advising the Ontario government, not the Tories.

1/2

jszym, (edited )
@jszym@cosocial.ca avatar

@mpjgregoire It's all a matter of perspective, and no one entity is always consistent in their view point, but the C.D. Howe institute has certainly been described as conservative[0], if not sometimes right-wing[1] depending on the source.

The Fraser institute itself has been described as a right-wing[0] or libertarian[2] think tank. It also has a streak of climate-denialism[3].

[0] https://web.archive.org/web/20210624153138/https://www.sfu.ca/cmns/research/newswatch/monitor/issue1.html
[1] https://watershedsentinel.ca/articles/whose-canada-infrastructure-bank/
[2] https://archive.is/EboK4#20%
[3] https://www.fraserinstitute.org/article/federal-climate-report-uses-natural-weather-events-to-spark-scary-headlines

mpjgregoire,
@mpjgregoire@cosocial.ca avatar

@jszym More substantively, we should avoid saddling future generations with debt for spending on us now. To balance the budget, we either need lower spending or higher taxes; the government has grown recently ( https://www.cbc.ca/news/politics/cost-to-run-federal-government-increase-151b-a-year-1.6797486 ) so lower spending seems like a reasonable approach at the moment.

2/2

jszym,
@jszym@cosocial.ca avatar

@mpjgregoire There is an alternative to lower spending, and that is raising taxes as you mentioned. One of the ten points in the scheme rebuffs "populist" taxation, which seems to make their stance pretty clear: the reasonable way to raise funds to is shrink government and lower taxes. I'm not making a value judgement, just stating that it sounds pretty conservative.

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